The process the
Democrats are putting themselves through resembles John Maynard Keynes’
famous description of the stock market. The game isn't to figure out which
stocks are most likely to do well, but to figure out which stocks other
investors think are most likely to do well. . . . Something
similar may be going on in the Democratic primaries. But the analogy breaks
down, because only the Democrats are intent on figuring out what other people
want. Republicans know what they want.
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2004-02-05
Primary Dolor
The Washington State Democrats
are holding their Presidential Caucuses on Saturday, and Mike Kinsley exactly captures
the paroxysms of self-doubt afflicting this caucusser
("caucusian"?):
I guess that’s what’s meant by
"moral
clarity."
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